UK study finds that having and raising children
is the main reason for male-female pay disparity.
Best letter from a (former) hedge fund manager ever.
Back in July 2007, historian Niall Ferguson gave
a strikingly prescient lecture. Thoughtful analysis of
how the credit crisis arose.
How the British response
was better than the American to the
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There is not nothing going on there, but more is going on that simply "the valuation we put on" various jobs.
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... in what sense? Mothers-at-home? In which case there is no ‘provision of service’, because the service is to allow the mother to get out of the house (whether to get to a job, or to have some rest). If you mean that grandparents and playdates are competing, then ... kind of.
If you mean that ABC is being competed against by Council Childcare, then emphatically no, Council Childcare is paid for by parents, is subsidised by the ratepayers (and in most cases happily so), and is still so restricted in what they can provide that they are universally full to the gills. There is a lot of slack which private providers can take. That some of those might still be empty is evidence that they screwed up their planning and business (they set up in an area with few children, or they have such a reputation that no-one will trust their children to them, for example, both of which I have heard attributed to ABC). They screwed up, and if subsidised Council places are doing better, then that is because the Council ( ... )
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There are all sorts of reasons families may not wish to do that, but it still provides a benchmark alternative which limits how much one can charge for childcare.
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What do you think?
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This was not at a career level where it was really possible to ‘bargain on pay’. There certainly wasn't a meaningful difference in type or amount of work, from what Mim says.
How hard is it to make some first approximations?
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Given that is the background legal situation, either they had negotiated individual contracts or it was some rule-based system. They might have had an annual increment system. They might have had some "menu-ing" (i.e. choosing of different side benefits). Really, one has to know more to make a reasonable judgement.
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